"The rise of the modern corporation has brought a concentration of economic power which can compete on equal terms with the modern state - economic power versus political power, each strong in its own field. The state seeks in some aspects to regulate the corporation, while the corporation, steadily becoming more powerful, makes every effort to avoid such regulation... The future may see the economic organism, now typified by the corporation, not only on an equal plane with the state, but possibly even superseding it as the dominant form of social organization. The law of corporations, accordingly, might well be considered as a potential constitutional law for the new economic state, while business practice is increasingly assuming the aspect of economic statesmanship."
Quote Details
Added by wikiquote-import-bot
Unverified quote
0 likes
Original Language: English
Available Languages (1)
Sources
Adolf A. Berle and Gardiner C. Means. The Modern Corporation and Private Property. (1967, p. 313).
https://en.wikiquote.org/wiki/Industrial_organization
Revision History
No revisions have been submitted for this quote.
Categories
Industrial organization
3 quotes on TrueQuotesView all quotes by Industrial organization →
Related Quotes
"In recent years economists and historians have increasingly turned their attention to modern economic institutions. E…"
"In the late 1930s, E.S. Mason wrote a series of papers which established the research programme which became industri…"
"Currency devaluations stimulated recovery in two ways: allowing nominal interest rates to fall and, so long as people…"
"This ground-plan, conceived by a great architect, exhibits a fundamental metaphysical dualism in Plato’s thought. ...…"
"We are called upon in this case to decide whether under the Investment Advisers Act of 1940 [1] the Securities and Ex…"
"Once upon a time, capital gains were not taxable in Canada. But the federal government instituted a tax on capital ga…"
"These cases present the same question, that is, whether under the Revenue Act of 1934, 26 U.S.C.A. Int.Rev.Acts, page…"
"The boycott, as Gandhi taught, is the most nearly perfect instrument for nonviolent change, allowing masses of people…"
"Economic power has to precede political power. Gandhi understood this when, in 1930, he and his followers resolved to…"
"Thus in our view the Lange-Lerner-Taylor-Hayek debate comes down to the fundamental distinction between economies whe…"